Civil Service Exam Reviewer · Percentage · hard
The price of a product was increased by 15% and then decreased by 10%. What is the net percent change?
- 5% increase
- 7% increase
- 3.5% increase
- 3.5% decrease
Answer
C. 3.5% increase
Solution
Net factor = 1.15 × 0.9 = 1.035 → increase of 3.5%.
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